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"E-book: Protecting merchants against payments fraud and cyber crime"

NMI’s whitepaper explores rising cybercrime risks in payments, with losses projected to hit $91B by 2028. It highlights how ISOs, PayFacs, and software platforms can protect merchants using AI, fraud tools, network tokenization, and compliance strategies -- helping reduce risk and uncover growth opportunities.

This NMI whitepaper addresses the escalating risks cybercrime in payments, projecting annual losses to reach $91 billion by 2028. It emphasizes the role that ISO, PayFacs, and software platforms play in safeguarding merchants.

Key highlights:

• Evolving threat landscape: Examines modern fraud tactics & attack vectors, highlighting how bad actors operate & identifying areas where merchants are most vulnerable.
• Advanced fraud techniques: It discusses the use of AI & fraud-as-a-service by fraudsters to scale their attacks, underscoring the need for advanced defense mechanisms.​
• Preventative measures: The importance of education & AI-powered fraud screening tools is emphasized as effective strategies to drastically reduce risk.​
• Data security: The role of network tokenization in securing payment data & shifting liability is explored, showcasing its significance in enhancing transaction security.​
• Compliance & risk exposure: The whitepaper addresses how compliance gaps can expose merchants to risk & provides guidance on how to help close these gaps.

By delving into these areas, the whitepaper aims to equip payment providers with a comprehensive understanding of the impact of fraud and cybercrime, offering tools and strategies to protect merchants and unlock new revenue opportunities.​

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